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Side-by-side financial comparison of NextPlat Corp (NXPL) and Velo3D, Inc. (VELO). Click either name above to swap in a different company.
NextPlat Corp is the larger business by last-quarter revenue ($12.8M vs $9.4M, roughly 1.4× Velo3D, Inc.). NextPlat Corp runs the higher net margin — -40.2% vs -231.9%, a 191.7% gap on every dollar of revenue. On growth, NextPlat Corp posted the faster year-over-year revenue change (-21.1% vs -25.2%). NextPlat Corp produced more free cash flow last quarter ($-339.0K vs $-8.3M). Over the past eight quarters, Velo3D, Inc.'s revenue compounded faster (-1.8% CAGR vs -14.4%).
Velo3D, Inc. develops and sells advanced end-to-end metal additive manufacturing (3D printing) solutions, comprising industrial-grade printers, specialized processing software, and high-performance metal materials. It primarily serves global aerospace, defense, energy, semiconductor and industrial manufacturing markets, enabling customers to produce complex, high-precision metal parts that are difficult to manufacture with traditional methods.
NXPL vs VELO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $12.8M | $9.4M |
| Net Profit | $-5.1M | $-21.9M |
| Gross Margin | 14.3% | -73.6% |
| Operating Margin | -28.9% | -231.0% |
| Net Margin | -40.2% | -231.9% |
| Revenue YoY | -21.1% | -25.2% |
| Net Profit YoY | -70.6% | -2.9% |
| EPS (diluted) | — | $-0.87 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $12.8M | $9.4M | ||
| Q3 25 | $13.8M | $13.6M | ||
| Q2 25 | $13.2M | $13.6M | ||
| Q1 25 | $14.5M | $9.3M | ||
| Q4 24 | $16.2M | $12.6M | ||
| Q3 24 | $15.4M | $8.2M | ||
| Q2 24 | $17.0M | $10.3M | ||
| Q1 24 | $17.5M | $9.8M |
| Q4 25 | $-5.1M | $-21.9M | ||
| Q3 25 | $-2.2M | $-11.2M | ||
| Q2 25 | $-1.8M | $-13.3M | ||
| Q1 25 | $-1.3M | $-25.0M | ||
| Q4 24 | $-3.0M | $-21.3M | ||
| Q3 24 | $-4.2M | $-21.9M | ||
| Q2 24 | $-5.3M | $935.0K | ||
| Q1 24 | $-1.5M | $-27.5M |
| Q4 25 | 14.3% | -73.6% | ||
| Q3 25 | 19.9% | 3.2% | ||
| Q2 25 | 21.8% | -11.7% | ||
| Q1 25 | 23.8% | 7.5% | ||
| Q4 24 | 16.8% | -3.5% | ||
| Q3 24 | 23.2% | 49.4% | ||
| Q2 24 | 34.5% | -28.0% | ||
| Q1 24 | 27.8% | -28.8% |
| Q4 25 | -28.9% | -231.0% | ||
| Q3 25 | -14.5% | -73.3% | ||
| Q2 25 | -13.8% | -85.4% | ||
| Q1 25 | -10.2% | -123.6% | ||
| Q4 24 | -14.1% | -167.0% | ||
| Q3 24 | -52.1% | -213.8% | ||
| Q2 24 | -64.1% | -187.7% | ||
| Q1 24 | -10.5% | -211.1% |
| Q4 25 | -40.2% | -231.9% | ||
| Q3 25 | -15.9% | -82.0% | ||
| Q2 25 | -13.5% | -97.7% | ||
| Q1 25 | -9.2% | -268.4% | ||
| Q4 24 | -18.6% | -168.5% | ||
| Q3 24 | -27.4% | -265.3% | ||
| Q2 24 | -31.3% | 9.0% | ||
| Q1 24 | -8.5% | -281.2% |
| Q4 25 | — | $-0.87 | ||
| Q3 25 | — | $-0.65 | ||
| Q2 25 | — | $-0.94 | ||
| Q1 25 | $-0.05 | $-1.87 | ||
| Q4 24 | — | $7.06 | ||
| Q3 24 | $-0.22 | $-35.52 | ||
| Q2 24 | — | $1.65 | ||
| Q1 24 | $-0.08 | $-55.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $13.7M | $39.0M |
| Total DebtLower is stronger | $1.3M | $31.0M |
| Stockholders' EquityBook value | $17.3M | $38.2M |
| Total Assets | $27.5M | $105.3M |
| Debt / EquityLower = less leverage | 0.07× | 0.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $13.7M | $39.0M | ||
| Q3 25 | $13.9M | $11.8M | ||
| Q2 25 | $16.6M | $854.0K | ||
| Q1 25 | $17.7M | $3.9M | ||
| Q4 24 | $20.0M | $1.2M | ||
| Q3 24 | $20.4M | $1.6M | ||
| Q2 24 | $24.9M | $3.2M | ||
| Q1 24 | $23.5M | $10.9M |
| Q4 25 | $1.3M | $31.0M | ||
| Q3 25 | $1.2M | $23.0M | ||
| Q2 25 | $1.2M | $22.5M | ||
| Q1 25 | $1.3M | $21.7M | ||
| Q4 24 | $1.4M | $5.7M | ||
| Q3 24 | $1.5M | $32.3M | ||
| Q2 24 | $1.3M | $33.5M | ||
| Q1 24 | $1.4M | $44.0M |
| Q4 25 | $17.3M | $38.2M | ||
| Q3 25 | $21.4M | $29.9M | ||
| Q2 25 | $23.5M | $21.4M | ||
| Q1 25 | $25.3M | $32.8M | ||
| Q4 24 | $27.3M | $39.7M | ||
| Q3 24 | $22.5M | $34.4M | ||
| Q2 24 | $26.5M | $52.1M | ||
| Q1 24 | $31.2M | $45.5M |
| Q4 25 | $27.5M | $105.3M | ||
| Q3 25 | $30.0M | $93.7M | ||
| Q2 25 | $31.0M | $78.4M | ||
| Q1 25 | $35.2M | $91.3M | ||
| Q4 24 | $37.1M | $89.2M | ||
| Q3 24 | $41.1M | $110.8M | ||
| Q2 24 | $51.5M | $116.7M | ||
| Q1 24 | $65.1M | $136.1M |
| Q4 25 | 0.07× | 0.81× | ||
| Q3 25 | 0.05× | 0.77× | ||
| Q2 25 | 0.05× | 1.05× | ||
| Q1 25 | 0.05× | 0.66× | ||
| Q4 24 | 0.05× | 0.14× | ||
| Q3 24 | 0.07× | 0.94× | ||
| Q2 24 | 0.05× | 0.64× | ||
| Q1 24 | 0.04× | 0.97× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-302.0K | $-7.7M |
| Free Cash FlowOCF − Capex | $-339.0K | $-8.3M |
| FCF MarginFCF / Revenue | -2.6% | -88.3% |
| Capex IntensityCapex / Revenue | 0.3% | 6.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-302.0K | $-7.7M | ||
| Q3 25 | $-2.7M | $-6.0M | ||
| Q2 25 | $-1.0M | $-1.2M | ||
| Q1 25 | $-2.1M | $-12.3M | ||
| Q4 24 | $-476.0K | $-2.2M | ||
| Q3 24 | $-4.6M | $-2.0M | ||
| Q2 24 | $2.3M | $-8.0M | ||
| Q1 24 | $-2.7M | $-20.5M |
| Q4 25 | $-339.0K | $-8.3M | ||
| Q3 25 | — | $-6.3M | ||
| Q2 25 | $-1.1M | $-3.0M | ||
| Q1 25 | $-2.1M | — | ||
| Q4 24 | $-508.0K | $-2.2M | ||
| Q3 24 | $-4.7M | $-2.0M | ||
| Q2 24 | $2.2M | $-8.0M | ||
| Q1 24 | $-2.7M | $-20.5M |
| Q4 25 | -2.6% | -88.3% | ||
| Q3 25 | — | -46.5% | ||
| Q2 25 | -8.0% | -22.2% | ||
| Q1 25 | -14.3% | — | ||
| Q4 24 | -3.1% | -17.7% | ||
| Q3 24 | -30.6% | -24.2% | ||
| Q2 24 | 13.2% | -77.1% | ||
| Q1 24 | -15.7% | -209.8% |
| Q4 25 | 0.3% | 6.4% | ||
| Q3 25 | 0.0% | 2.3% | ||
| Q2 25 | 0.1% | 13.3% | ||
| Q1 25 | 0.2% | 0.0% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.6% | 0.2% | ||
| Q2 24 | 0.4% | 0.0% | ||
| Q1 24 | 0.4% | 0.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -8.52× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXPL
| Healthcare Operations | $9.0M | 70% |
| Ecommerce Revenue | $3.8M | 30% |
VELO
Segment breakdown not available.
